Alaska Mortgage Licensing

Alaska was the last state to implement mortgage company licensing. They required companies to hold a license by July 1, 2008 if they did not hold an Alaska Business License prior to that date. They then required all mortgage companies with a business license prior to July 1, 2008 to obtain the new Mortgage Lender License by April 1, 2009. The new mortgage license is for brokers and lenders/bankers. It requires completion of a test, fingerprints, surety bond, and additional documentation on the company and its owners.

Mortgage Banker or Broker

Mortgage Lender License

Physical In-State Office Required: No
Surety Bond: $75,000
Minimum Net Worth: $ None
Qualifying Individual: No
Comments: New licensing requirements began July 1, 2008, with effective date of April 1, 2009 for those who held an Alaska Business License prior to July 1, 2008.

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Disclosure

Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.